In the week ending August 16th 2014, domestic raw steel production was 1,919,000 net tonnes while the capability utilization rate was 79.8%. Production was 1,858,000 net tonnes in the week ending August 16th 2013, while the capability utilization then was 77.6%.
The current week production represents a 3.3% increase from the same period in the previous year. Production for the week ending August 16th 2014 is up 1.2% from the previous week ending August 9th 2014 when production was 1,896,000 net tonnes and the rate of capability utilization was 78.8%.
Adjusted year to date production through August 16th 2014 was 60,263 net tonnes, at a capability utilization rate of 77.0%. That is up 0.5% from the 59,959 net tonnes during the same period last year, when the capability utilization rate was 76.9%.
Broken down by districts, here’s production for the week ending August 16th 2014 in thousands of net tonnes: North East: 233; Great Lakes: 679; Midwest: 240; Southern: 675 and Western: 92 for a total of 1,919.
The Raw Steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage provided from 50% of the domestic producers combined with monthly production data for the remainder. Therefore, this report should be used primarily to assess production trends.
The AISI production report AIS 7 published monthly and available by subscription, provides a more detailed summary of steel production based on data supplied by companies representing over three quarters of US production capacity.
Source – Startegic Research Institute Steel Guru
Zhejiang Yaang Pipe Industry Co., Limited (www.nctv.net)